Sysco Corporation · NYSE:SYY
Sysco — Investor Day (2017)
15 slides from Sysco's investor day presentation, 2017
Slide 1: Non-GAAP Reconciliations
NON-GAAP RECONCILIATIONS
Slide 2: Impact of Certain Items
IMPACT OF CERTAIN ITEMS Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Impact of Certain Items and Brakes Sysco’s results of operations for fiscal 2018 are impacted by restructuring costs consisting of (1) expenses associated with our revised business technol
Slide 3: Impact of Certain Items (Cont'd)
IMPACT OF CERTAIN ITEMS (CONT’D) Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Impact of Certain Items and Brakes (cont’d) Sysco’s fiscal year ends on the Saturday nearest to June 30th. This resulted in a 52-week year ending June 27, 2017 for fiscal 2017, a
Slide 4: Case Growth
CASE GROWTH Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Impact of extra week on selected metrics Jul. 2, 2016 Jul. 1, 2017 Jul. 2, 2016 (52 Weeks Jul. 1, 2017 Impact of extra (52 Weeks Basis) (53 Weeks) Impact of Basis) (Non- 2-year (52 Weeks) (GAAP) week
Slide 5: Operating Leverage
OPERATING LEVERAGE Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Total Sysco Operating Leverage (impact of Certain Items, extra week and Brakes) (In Thousands) (a) 2-year average gross profit (GAAP) 11.2% (b) 2-year average gross profit excluding the impact
Slide 6: Operating Leverage (Cont'd)
OPERATING LEVERAGE (CONT’D) Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Total Sysco Operating Leverage (impact of Certain Items, extra week and Brakes) (In Thousands) 53-Week 52-Week Period Ended Period Ended Period Change Period Jul. 2, 2016 Jun. 27, 2015
Slide 7: Operating Income Growth
OPERATING INCOME GROWTH Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Operating Income Growth (In Thousands) Year Ended Year Ended Period Cumulative 24-month Period Change Period Change Change $ 2-year July 1, 2017 July 2, 2016 $ July 2, 2016 June 27, 2015 $
Slide 8: Operating Income Growth (Cont'd)
OPERATING INCOME GROWTH (CONT’D) Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Operating Income Growth (In Thousands) 13-Week Period Ended Cumulative Cumulative 24-month 27-month Period Change Change $ Change $ September 30, 2017 October 1, 2016 $ results re
Slide 9: Impact of Certain Items, Brakes and Extra Week in Fiscal Year 2016
IMPACT OF CERTAIN ITEMS, BRAKES AND EXTRA WEEK IN FISCAL YEAR 2016 Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Impact of Certain Items, Brakes and extra week in fiscal year 2016 (In Thousands, Except for Share and Per Share Data) Year Ended Year Ended Peri
Slide 10: Impact of Certain Items, Brakes and Extra Week in Fiscal Year 2016 (Cont'd)
IMPACT OF CERTAIN ITEMS, BRAKES AND EXTRA WEEK IN FISCAL YEAR 2016 (CONT’D) Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Impact of Certain Items, Brakes and extra week in fiscal year 2016 (In Thousands, Except for Share and Per Share Data) Year Ended Year E
Slide 11: Impact of Certain Items, Brakes and Extra Week in Fiscal Year 2016 (Cont'd)
IMPACT OF CERTAIN ITEMS, BRAKES AND EXTRA WEEK IN FISCAL YEAR 2016 (CONT’D) Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Impact of Certain Items, Brakes and extra week in fiscal year 2016 (In Thousands, Except for Share and Per Share Data) Year Ended Year E
Slide 12: ROIC
ROIC Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Adjusted Return on Invested Capital (ROIC) (In Thousands) We calculate ROIC as net earnings divided by (i) stockholder’s equity, computed as the average of adjusted stockholders’ equity at the beginning of t
Slide 13: Operating Leverage
OPERATING LEVERAGE Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Total Sysco Operating Leverage (impact of Certain Items, extra week and Brakes) (In Thousands) (a) 27 month average gross profit (GAAP) 10.5% (b) 27 month average gross profit excluding the imp
Slide 14: Free Cash Flow
FREE CASH FLOW Sysco Corporation and its Consolidated Subsidiaries Non-GAAP Reconciliation (Unaudited) Free Cash Flow and Adjusted Free Cash Flow (In Thousands) Free cash flow represents net cash provided from operating activities less purchases of plant and equipment and includes proceeds from sale
Slide 15: Adjusted Sales, Gross Profit, Operating Expense, Operating Income, EPS and Adjusted Operating Income Targets
ADJUSTED SALES, GROSS PROFIT, OPERATING EXPENSE, OPERATING INCOME, EARNINGS PER SHARE AND ADJUSTED OPERATING INCOME TARGETS Sales, Gross Profit, Operating Expense, Operating Income and Earnings per Share Targets We expect to achieve our sales, gross profit, operating expense, operating income and ea